DWS : Underlying Q3 2022 profit in line with expectations; EPS estimates down on more challenging outlook for AuM
>Q3 2022 underlying net profit in line with expectations - While DWS reported Q3 2022 net profit of € 146.6m and thus below the € 164.4m consensus expectation, the group’s underlying profit was in line with expectations stripping out a € 25m carried interest charge for future performance fees linked to Alternative assets. Due to the ongoing challenging macro environment which might hold back AuM growth, we have trimmed our estimates for adj. EPS by 5.7% to € 3.45 for ...DWS Group GmbH & Co KgaA is a Germany-based company that provides integrated investment solutions. The Company offers active, passive and alternative investments across a wide range of asset classes, including Hedge Funds, Sustainable Investments, Private Equity, Liquid Real Assets, Real Estate, Equities and Fixed Income. It invests primarily in the areas of environmental, social and governance. The Company's clients include corporations, central banks, insurers, pension funds, public institutions, financial institution, not-for-profit organizations, as well as private investors. The Company is active in around 22 countries in Europe. Deutsche Bank AG is a majority shareholder of the Company.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.